Palm Tree Financial is engaged and arranges a Letter of Interest for commercial real estate debt for $8,840,000.00 USD. Location: Barstow, California
Asset Type and General Deal Points: 117 acres of raw land (90% entitled), zoned commercial mixed use, for 463 units of Senior/Assisted Living Facility and Retail Total Project Cost $118,000,000.00 Purpose of the transaction: Cash Out Refinance and Land Development Private Money Bridge Debt
Palm Tree Financial Closes commercial real estate debt of $2,275,000.00 Miami, Florida
Asset Type and General Deal Points: Special Purpose Asset, Single Tenant, Owner Occupied, 40,000 square foot real estate building, zoned Light Industrial (I-2), manufacturing, distribution and storage facility.
Palm Tree Financial is engaged to arrange a combination of Debt and Equity, project size $50,700,000.00 Miami, Florida, CBD (Centeral Business District)
Asset Type and General Deal Points: Commercial Class B- Office asset, Full Rehabilitation of 144,000 square feet, utilizing a combination of Debt, Equity and Federal Tax Credits. The Business Plan is to fully renovate the asset to a Class A-/B+ LEED-EB "Green" office building, adding significant value after repositioning the asset.
Palm Tree Financial Closes residential debt for $667,000.00 Miami Beach, Florida
Asset Type and General Deal Points: Residential High Rise Condominium, Freddie Mac conforming first mortgage of $417,000.00 with a simultaneous second mortgage home equity line of credit for $250,000.00
